Available for residents nationwide, Rising Bank is offering 4.50% APY when you open their High Yield Savings account.
Update 9/25/24: The rate has decreased to 4.50% APY (from 4.75%). We recommend our top pick savings account from Western Alliance Bank!
Rising Bank High Yield Savings Review
Rising Bank is an online subsidiary of Midwest BankCentre. It was launched in 2018, and provides a variety of savings products, from CD’s to saving accounts.
I’ll review Rising Bank High Yield Savings below.
Rising Bank High Yields Savings Rate
To earn Rising Bank’s competitive rate, simply have an opening deposit of $1,000. That’s all it takes and you’ll get to enjoy earning the competitive rate.
- What you’ll get: 4.50% APY
- Eligible account: High Yields Savings
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $1,000 minimum
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Rising Bank Rate
- Open a Online High Yield Savings account from Rising Bank with minimum deposit of $1,000.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 4.50% APY for balances of $1,000 up to $1,000,000
| Balance Requirement | APY Rate |
| $1,000-$1,000,000 | 4.50% APY |
Editor’s Notes:
- Transfers out of this account is limited to $25,000 per day.
- Point-of-sale transactions have a $2,500 daily limit.
Rising Bank Account Features
Whether your’re saving for a new car, a house, or whatever it may be, the Rising Bank online savings account offers a financial safety net to help you grow
No matter what you’re saving for, Rising Bank online savings accounts offer a financial safety net and help you reach your savings goals. Our high-yield savings accounts offer higher interest rates than traditional banks, so you can earn more for your money.
- Receive high earnings without paying back in monthly fees
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- Manage your accounts at your leisure from your computer, tablet or mobile device
- All deposits are FDIC insured to the maximum amount allowed by the law
Rising Bank Experience
Banking with Rising Bank offers a handful of resources to help their customers manage their finances – some resources include a mobile banking app, online calculators, and more! Their app is available in the Apple App store and Google Play store with high ratings. Within their app, you can expect features like branch and ATM locators, account alerts, ability to add notes & photos of your transactions/receipts. And to make money transfers easy, you can utilize Zelle.
In regards to customer service, you will get access Monday through Friday (hours of operations not listed on their website). However, you’ll have access to secure messaging 24/7 if you’re an account holder.
Now keep in mind that Rising Bank has no branches – so for customers to access their money, they’ll need to link an external account to transfer money or visit a MoneyPass ATM to do so.
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Conclusion
Rising Bank is offering a great rate for their High-Yield Savings Account. There are many benefits to opening this account such as a high rate, FDIC insured, and pretty much no fees. All you need is a minimum of $1,000 and you’ll start accruing interest at a high rate as soon as they post to your account.
In addition to the rate from Rising Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Rising Bank High Yields Savings.
